Mr. Greg Gibson reports

ARMISTICE CLOSES FIRST TRANCHE OF NON-BROKERED PRIVATE PLACEMENT

Armistice Resources Corp. has issued 78 million units of the company, by way of private placement to certain arm's-length and non-arm's-length investors, at a price of five cents per unit for total gross proceeds of approximately $3.9-million. Each unit comprises one common share and one common share purchase warrant, with each warrant entitling the holder thereof to acquire a common share at a price of eight cents for a period of three years from the date of issuance.

The company intends to close the second tranche of the financing and issue the remaining 35 million units as soon as possible following the receipt of regulatory approval relating to an investor.

The company will use the net proceeds from the private placement to further develop the company's McGarry mine project, including test stoping and definition drilling, to finance the exploration program on the company's mineral properties and for general corporate purposes.

The securities issued are subject to a four-month hold period expiring on May 1, 2014. Completion of the private placement is subject to final acceptance of the Toronto Stock Exchange.

We seek Safe Harbor.